Reviews 2023: is Scam?

Subhan N

Have you heard about Palamex Crypto? Are you being contacted by a person on Discord saying they won a prize? Are you curious to find out whether it’s a scam or legitimate? Check out this review to learn more about Palamex

One investor had this to declare:

The complete fraud of BTC You must transfer into a verity account. After the deposit, your account will never be verified, and you won’t be able to get back your BTC never again


4 Reasons Why Should Avoid

The website isn’t regulated by any regulatory body, and as such, the individuals behind it are able to part of your money at any time.

They pay high commissions and fees.

There’s no enough information available on the site.

When it’s time to withdraw your money, you are greeted with a myriad of excuses, and ultimately you are unable to withdraw, and you risk losing your cash.


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What is Palamex?

Palamex is located on is a fraudulent website that claims to be a trading platform for Crypto. It claims it was designed for those who were interested in cryptocurrency markets but who had no knowledge of trading or the workings of cryptocurrency.


According to its website, it promises safe storage to store digital assets through a combination of cold wallets and Multi-party computing (MPC) technology. It also claims to utilize the most advanced technology to ensure that funds are safe and secure. It also claims to stay in front of any vulnerabilities or attack attempts to exploit.

The application claims to have been developed around a tested formula for trading success and all you have to do in order to make money is to deposit money and then turn it on.

But this Palamex scam is not real and it will send the bitcoins to your account through an affiliate code that is available at their exchange. However, for withdrawal of any bitcoin, you need for a 0.015btc minimum. This is clearly a scam.

The scammers continue to launch fresh “systems” and “apps” with new names such as Dotxbep, Dotxswap an attempt to avoid the bad reviews so they can continue to trick users into signing up.

The fact is there is no doubt that Palamex is a fraud because a lot of customers have posted some negative reviews on the internet, describing it what it really is: a SCAM.

How The Scam Works:

In the beginning, they will entice you false promises of high returns and minimal risk.

You are then requested to supply your financial and personal information as well as your name.

Then, you are required to pay a minimum amount (usually $250) to allow you to begin trading.

When the time comes to withdraw your funds they have a myriad of excuses. Often, you’re required to pay a tax amount that is higher than your initial deposit. When you do, you aren’t able to withdraw your funds and you’ve been cheated.


Based on the information above we can see it is evident that Palamex Trading is a scam as was Dotxbep that we have previously reviewed Investors should be wary of these websites as their goal is to scam investors who are not aware of the scam.

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